Virgin Australia has plunged to a $225 million full-year loss, having bitten the bullet on restructuring its business and fleet.
The vast bulk of the loss comes from $440.5 million in restructuring charges as the airline has sought cost-cutting measures, including the simplifying of different aircraft in its fleet from nine to six.
However underlying profit stripping out significant one-off items was reported at $41 million,…
Read the full article at: http://www.abc.net.au/news/2016-08-05/virgin-australia-earnings-dive-after-restructure/7693348